The Faurecia, a multinational manufacturing of automotive components, formalized on Monday, with AICEP, a 45 million euros investment protocol for doubling your Bragança production unit.
With this investment, the group plans to create over 500 jobs over the next three years, adding to the 720 that currently has.
The agreement was signed in the presence Vice Prime Minister, Paulo Portas, a “day of hope”. “What is at stake today is what we need most,” said the official, one of those responsible for the negotiations that allowed Bragança unit ‘win’ the race with another unit of the same group in the Czech Republic.
At present, the plant installed in the northeastern, one of six of Faurecia in Portugal, has a turnover of 315 million euros but, within three years, is expected to more than double this amount. The extent of plant emission control technologies will achieve, in 2018, to EUR 375 million (EUR 690 million in total).
“With this investment, Faurecia confirms its confidence the Portuguese economy, as an investment market, but also production, “stressed Christophe Schmitt, executive vice president of Faurecia Emissions Control Technologies ..
This is a breath of fresh air to the Bragança region since “nine out of ten products sold in the county are from Faurecia,” said the mayor, Hernâni Dias. The municipality undertook to create an urban transport line dedicated to the company, already located in the city limits, as well as in the construction of external access to the new facility, which will occupy ten thousand square meters.
The Faurecia It is one of the world’s largest automotive equipment supplier with four business areas: seats, instruments, cockpits, catalysts (leaks) and seat covers. The main customers are Mercedes, Jaguar, Land Rover, Citroen and Seat. Of the six contenders for the 2015 Car of the Year award three integrated parts produced by Faurecia Portugal.
In 2014, the group’s sales volume grew by almost 23 percent, with a total turnover of 650 million euros.
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